Economic Analysis of Property Rights

Klappentext This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources. Zusammenfassung The cost of measuring accurately all assets' attributes is prohibitive. Therefore! rights are never fully delineated and others may appropriate one's assets. This study offers a unified theoretical structure to analyse exchange and formation of economic rights. The central question is how people allocate resources and organise their activities to maximise the value of their rights. Inhaltsverzeichnis Introduction; 1. The property rights model; 2. The public domain: rationing by waiting and price controls; 3. Contract choice: the tenancy contract; 4. Divided ownership; 5. The old firm and the new organization; 6. The formation of rights; 7. Slavery; 8. Wealth maximization constraints on property rights; 9. Property rights and non-market allocation; 10. Additional property rights applications; 11. The property rights model: recapitulation; References.

Product details

• Authors: Yoram Barzel, Yoram (University of Washington) Barzel
• Assisted by: Randall Calvert (Editor), Thrainn Eggertsson (Editor)
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 13.04.1997
• EAN: 9780521597135
• ISBN: 978-0-521-59713-5
• No. of pages: 176
• Series: Political Economy of Institutions and Decisions; Political Economy of Instituti; Political Economy of Instituti; Political Economy of Institutions and Decisions
• Subject: Social sciences, law, business > Law > International law, foreign law